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Dec 13, 2012 4:00pm PST
there will be no consequences. there's a minor fine, but absolutely no one will go to jail. ryan ross of abc news has more. >> when the most ruthless members can he be drug cartels wanted to hide their money they went to hsbc, along with terrorists, all customers of a bank known around the world. today, u.s. authorities said they were holding the british-based bank account automobile. psbc agreed to pay a record $9.12 billion in forfeitures. >> the largest ever. a did he everred prosecution agreement means there will be no prosecution of the bank or its top executives despite more than a decade of dealing with criminals and terrorists. >> cenk: now you heard their record fine, $1.9 billion sounds like a lot of money. why do i say it's a small fine. there's the executives testifying. the profits they brought in was about $21.9 billion, that's pretax. that means the fine was about four weeks of profit. that's a big whoop-te-do. these are the biggest money launderers for al-qaeda in the world. what do you think happens to you if you launder money for the drug cartel or you're a mule and bring it across the b
Search Results 0 to 1 of about 2 (some duplicates have been removed)